Financial Highlights

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Income Statement ($000)
	2009 Q3	2008 Q3	Y-Y Ch (%)	2009 Q2	Q-Q Ch (%)^†
Rental Revenue	156,374	159,383	(1.89)	157,457	(2.75)
Partnership Income	(38)	(261)	(85.44)	222	NM
Total Revenue	166,930	154,596	7.98	165,964	2.33
Rental Operating Expense	69,042	69,047	(0.01)	67,636	8.32
Expenses	160,536	146,052	9.92	162,592	(5.06)
Net Income	6,192	76,428	(91.90)	20,487	(279.10)
Rental NOI	87,332	90,336	(3.33)	89,821	(11.08)
Diluted EPS before Extraordinary Items ($)	0.06	0.12	(50.00)	0.01	2,000.00
Diluted EPS after Extraordinary Items ($)	0.06	1.30	(95.38)	0.30	(320.00)
Dividends Declared per Common Share ($)	0.4500	0.7000	(35.71)	0.4500	0.00
Avg Diluted Shares Out (actual)	66,602,000	56,008,000	18.92	61,449,000	33.54

Balance Sheet ($000)
	2009 Q3	2008 Q3	Y-Y Ch (%)	2009 Q2	Q-Q Ch (%)^†
Properties at Cost: Operational	5,231,160	5,187,152	0.85	5,220,842	0.79
Accumulated Depreciation	1,107,227	952,883	16.20	1,065,861	15.52
Net Properties: Operational	4,123,933	4,234,269	(2.61)	4,154,981	(2.99)
Land Held for Development	253,520	283,400	(10.54)	248,855	7.50
Total Real Estate Investments	4,507,873	4,649,677	(3.05)	4,506,735	0.10
Total Assets	4,734,097	4,832,880	(2.04)	4,797,920	(5.32)
Total Debt	2,622,157	2,823,520	(7.13)	2,697,818	(11.22)
Total Liabilities	2,921,501	3,118,735	(6.32)	2,958,797	(5.04)
Common Equity	1,632,820	1,513,966	7.85	1,656,465	(5.71)
Common Shares Outstanding (actual)	64,176,076	53,159,157	20.72	64,107,443	0.43
Convertible Operating Partnership Units (actual)	2,805,000	3,049,000	(8.00)	2,857,000	(7.28)

Same Store Operations
	2009 Q3	2008 Q3	Y-Y Ch (bp)	2009 Q2	Q-Q Ch (bp)
Same-store NOI: Change from Prior (%)	(7.00)	NA	NA	(7.70)	70

EBITDA
	2009 Q3	2008 Q3	Y-Y Ch (bp)	2009 Q2	Q-Q Ch (bp)
Recurring EBITDA/ Interest Expense (x)	2.55	2.53	2	2.43	12
Recurring EBITDA/ Interest & Preferred Dividends (x)	2.55	2.53	2	2.43	12

^† Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4

* Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.


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